Mr. Hridyanshu Slathia, Ph.D. Scholar from the School of Computer Science and Engg., Shri Mata Vaishno Devi University, represented the University at the prestigious 4th International Conference on Computer,Electronics and Electrical Engg. and their Applications (IC2E3-2026)
He is Manoj Badale, Owner of Rajasthan Royals.
He bought RR in 320 Crore in 2008.
Last Year, He invited bids to Sell 100% Shares of Rajasthan Royals.
Nisha sachdeva and Debjeet Gupta, co-founders of Columbia Pacific Capital Partners (CPCP) bid $1.7 Billions for RR.
Kal Somani Led Consortium backed by Rob Walton and Hamp Family bid $1.63 Billions for RR.
Manoj Badale rejected the bid by CPCP and sold the Franchise to Kal Somani Led Consortium.
He suffered a loss of around 700 Crore by not selling RR to CPCP.
Reasons :
- CPCP backed Investors had little or no experience in sports management
- Kal Somani Led Consortium is backed by Walton Family (Walmart) and Hamp Family (Ford Motors).
- Walton and Hamp Families owns Teams like Denver Broncos and Detroit Lions in NFL
- Waltons bought Broncos for $4.5 Billions in 2022
- Hamps bought Lions in 1963 for $4.5 Million (Today's Value : $4 Billion+)
Manoj Badale Chose a Consortium which had years of Experience of managing a Sports team even though the bid was lower by 700 Crores!!
If I have not been used for TOSSES and PRESENTATION for 23 years and new comers come in do pitch report Tosses Presentation even when Shastri was coaching, what do you think could be the reason